Modal Labs Closing In on $750M Round Led by Accel at $15.75B Valuation

Modal Labs is closing in on a $750 million round led by Accel at a $15.75 billion valuation including the investment. TechCrunch reported the talks September 28, 2026, citing a source with knowledge of the funding. Modal, founded in 2021 and based in New York, declined to comment.